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The US major indices closed mixed as investors flowed out of of large-cap technology stocks and into the relative safety of the industrials. The Dow industrial average rose, while the NASDAQ index got creamed with its largest decline since January 23 when the index fell -2.23%. Today the index fell -2.05%.
A look at the final number shows:
The small-cap Russell 2000 rose 4.69 points or 0.24% at 1947.65
For the trading week, the Dow Industrial Average closed near unchanged, but the NASDAQ at its worst trading week since October 2022.
Shares of Nvidia had their worst day since March 2020. Tesla had closed at its lowest level since January 2023.